Venturi Wealth Management LLC Buys 2,126 Shares of Reinsurance Group of America, Incorporated (NYSE:RGA)

Venturi Wealth Management LLC boosted its stake in shares of Reinsurance Group of America, Incorporated (NYSE:RGA - Free Report) by 953.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,349 shares of the insurance provider's stock after purchasing an additional 2,126 shares during the quarter. Venturi Wealth Management LLC's holdings in Reinsurance Group of America were worth $502,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Spire Wealth Management boosted its holdings in Reinsurance Group of America by 39.0% in the fourth quarter. Spire Wealth Management now owns 203 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 57 shares during the last quarter. Baron Wealth Management LLC boosted its position in shares of Reinsurance Group of America by 4.5% in the 3rd quarter. Baron Wealth Management LLC now owns 1,485 shares of the insurance provider's stock worth $324,000 after purchasing an additional 64 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Reinsurance Group of America by 3.0% in the third quarter. Tectonic Advisors LLC now owns 2,358 shares of the insurance provider's stock valued at $514,000 after purchasing an additional 69 shares during the last quarter. Mount Lucas Management LP lifted its stake in Reinsurance Group of America by 2.9% in the third quarter. Mount Lucas Management LP now owns 2,592 shares of the insurance provider's stock valued at $565,000 after buying an additional 72 shares during the period. Finally, Inspire Investing LLC boosted its holdings in Reinsurance Group of America by 0.5% during the fourth quarter. Inspire Investing LLC now owns 14,224 shares of the insurance provider's stock worth $3,039,000 after buying an additional 72 shares during the last quarter. 95.11% of the stock is currently owned by institutional investors and hedge funds.

Reinsurance Group of America Price Performance

RGA stock traded down $5.72 during mid-day trading on Friday, hitting $190.39. The stock had a trading volume of 363,608 shares, compared to its average volume of 534,488. The firm has a fifty day simple moving average of $215.37 and a 200 day simple moving average of $216.15. Reinsurance Group of America, Incorporated has a 52 week low of $169.08 and a 52 week high of $233.81. The company has a current ratio of 0.15, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.54 billion, a P/E ratio of 17.73 and a beta of 0.93.

Reinsurance Group of America (NYSE:RGA - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The insurance provider reported $4.99 EPS for the quarter, missing the consensus estimate of $5.22 by ($0.23). Reinsurance Group of America had a net margin of 3.24% and a return on equity of 14.55%. As a group, research analysts forecast that Reinsurance Group of America, Incorporated will post 22.88 EPS for the current year.

Reinsurance Group of America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, February 18th. Reinsurance Group of America's dividend payout ratio (DPR) is presently 33.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on RGA shares. Barclays reduced their price objective on shares of Reinsurance Group of America from $255.00 to $252.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Morgan Stanley decreased their price target on shares of Reinsurance Group of America from $245.00 to $233.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $245.00 target price on shares of Reinsurance Group of America in a report on Monday, February 10th. Piper Sandler lowered their price target on Reinsurance Group of America from $252.00 to $242.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price objective on Reinsurance Group of America from $244.00 to $263.00 and gave the company an "overweight" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $229.54.

About Reinsurance Group of America

Reinsurance Group of America, Incorporated engages in reinsurance business. The company offers individual and group life and health insurance products, such as term life, credit life, universal life, whole life, group life and health, joint and last survivor insurance, critical illness, disability, and longevity products; asset-intensive and financial reinsurance products; and other capital motivated solutions.